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Home Qatar Cost Controller

Cost Controller

at Oil and Gas Job Search Ltd in Qatar
Posted on January 9, 2024

Job details

Reporting structure

Reports to: Finance Manager

Job Summary and Purpose

Track and report projects’ costs, commitments and forecasts against budget, as well as prepare and present monthly and quarterly financial reports on an accurate and timely basis, and in compliance with applicable laws, rules and regulations.

Accountabilities

  1. Deploy and perform an effective cost control process for projects.
  2. Handle the implementation of the cost management programs that reflects accurate project performance in terms of cost reduction and profit improvement.
  3. Track and report projects’ costs and cost centers including commitments, actuals, accruals and forecasts.
  4. Maintain a current overall project forecast to completion, with monthly cost and revenue recognition.
  5. Maintain project cost coding structure and monitor cost movement and variances on WBS level.
  6. Report and investigate the committed costs and activities to-date, actual vs budget, performance and productivity.
  7. Identify and recommend improvement initiatives to enhance the cost control process.
  8. Collect and analyze cost data to support performance measurements, projects’ benchmarking and communicate project’s’ performance, issues and deviation to the concern project team.
  9. Coordinate with the various departments for their annual budgets and gather their individual budgets into the yearly master budget.
  10. Contribute to the consolidation of the yearly Master Budget and its accurate allocation.
  11. Prepare yearly audit reports in coordination with respective parties such as the internal audit function, external auditors etc.
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